Fudge-it Boutique Chocolates handcrafts chocolates for restaurants and high-end delicatessens. Its chocolates are made and costed...

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Fudge-it Boutique Chocolates handcrafts chocolates for restaurants and high-end delicatessens. Its chocolates are made and costed by the order. At the beginning of its last week of operations for the period, Fudge-it had only two jobs in work in process with the following costs: Direct ingredients Direct labour Delux-332 Standard-212 $545 134 $823 $280 Manufacturing overhead is applied at 120% of direct labour cost. Manufacturing overhead is usually applied when the jobs are complete or at the end of a reporting period. During the last week of operations for the period, the following activity took place: A new job, Delux-492, was started. Delux-332: $46. Delux-492: $285 Direct ingredients requisitions were recorded for the following: Delux-332: $55 Deluxe-492: $145 Direct labour time tickets were recorded for the following: Standard-212: $245 The Standard-212 job was completed, overhead was applied to the job, and it was transferred to the finished goods account. On the last day of the period, the cost accountant recorded manufacturing overhead to the jobs in work in process. What should be the balance in the work-in-process account at the end of the period? $1,210 $1,269 $1,607 $1,768 Fudge-it Boutique Chocolates handcrafts chocolates for restaurants and high-end delicatessens. Its chocolates are made and costed by the order. At the beginning of its last week of operations for the period, Fudge-it had only two jobs in work in process with the following costs: Direct ingredients Direct labour Delux-332 Standard-212 $545 134 $823 $280 Manufacturing overhead is applied at 120% of direct labour cost. Manufacturing overhead is usually applied when the jobs are complete or at the end of a reporting period. During the last week of operations for the period, the following activity took place: A new job, Delux-492, was started. Delux-332: $46. Delux-492: $285 Direct ingredients requisitions were recorded for the following: Delux-332: $55 Deluxe-492: $145 Direct labour time tickets were recorded for the following: Standard-212: $245 The Standard-212 job was completed, overhead was applied to the job, and it was transferred to the finished goods account. On the last day of the period, the cost accountant recorded manufacturing overhead to the jobs in work in process. What should be the balance in the work-in-process account at the end of the period? $1,210 $1,269 $1,607 $1,768

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